(Bloomberg) -- VTB Group, Russia's second-largest bank, is seeking to raise as much as $7 billion in the biggest- ever initial public offering by a Russian lender.
VTB is selling shares for between 11.3 kopeks (0.44 cent) and 13.90 kopeks each, valuing the bank at between $22.8 billion and $28.1 billion, state-controlled VTB said on its Web site today. The IPO is the largest in Russia so far this year.
Read more at Bloomberg Emerging Markets News
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